JPMorgan Chase & Co. Raises Stake in Waystar Holding Corp. $WAY

JPMorgan Chase & Co. increased its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY) by 152.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,489,572 shares of the company’s stock after acquiring an additional 1,504,026 shares during the period. JPMorgan Chase & Co. owned approximately 1.30% of Waystar worth $94,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in shares of Waystar by 3,883.4% during the second quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock valued at $133,601,000 after purchasing an additional 3,186,869 shares during the last quarter. Norges Bank bought a new position in Waystar during the 2nd quarter valued at approximately $46,577,000. Thrivent Financial for Lutherans raised its stake in Waystar by 2,923.3% during the third quarter. Thrivent Financial for Lutherans now owns 882,427 shares of the company’s stock valued at $33,461,000 after buying an additional 853,239 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Waystar by 143.2% in the third quarter. Voya Investment Management LLC now owns 1,426,330 shares of the company’s stock worth $54,086,000 after acquiring an additional 839,759 shares in the last quarter. Finally, Man Group plc grew its stake in shares of Waystar by 680.8% in the second quarter. Man Group plc now owns 731,401 shares of the company’s stock worth $29,892,000 after acquiring an additional 637,723 shares during the last quarter.

Wall Street Analyst Weigh In

WAY has been the subject of several recent analyst reports. Needham & Company LLC lowered their price target on Waystar from $46.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Mizuho set a $42.00 price objective on shares of Waystar in a research note on Wednesday, February 4th. TD Cowen reaffirmed a “buy” rating on shares of Waystar in a report on Wednesday, February 18th. UBS Group started coverage on shares of Waystar in a report on Monday, December 15th. They set a “buy” rating and a $41.00 price target on the stock. Finally, Evercore set a $27.00 price objective on shares of Waystar in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Waystar has a consensus rating of “Buy” and an average price target of $37.19.

Waystar Stock Performance

Shares of NASDAQ WAY opened at $24.35 on Tuesday. The firm’s 50-day moving average price is $28.99 and its 200-day moving average price is $33.94. Waystar Holding Corp. has a 52-week low of $21.13 and a 52-week high of $45.00. The company has a market cap of $4.67 billion, a PE ratio of 39.92, a PEG ratio of 0.98 and a beta of 0.77. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.38.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Waystar had a net margin of 10.20% and a return on equity of 6.86%. The company had revenue of $303.54 million for the quarter, compared to the consensus estimate of $294.72 million. During the same quarter last year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $30.41, for a total transaction of $262,225.43. Following the transaction, the chief technology officer owned 422,371 shares in the company, valued at $12,844,302.11. This trade represents a 2.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the sale, the insider directly owned 474,826 shares of the company’s stock, valued at approximately $14,282,766.08. The trade was a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 58,549 shares of company stock worth $1,790,580. Company insiders own 4.10% of the company’s stock.

Waystar Profile

Waystar (NASDAQ:WAY) is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company’s unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.

At the core of Waystar’s offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.